The Bretton Woods Negotiations held from July 1 to 22 in 1944 after the World War II, was the meeting of 730 delegates from the 44 Allied nations at the Mount Washington Hotel, situated in Bretton Woods, New Hampshire, United States, in which agreements were signed in order to establish International Bank for Reconstruction and Development (IBRD) , the International Monetary Fund and later, The World bank in order to regulate and address worldwide economic development and to foster political stability.
The International Trade Organization (ITO) did not result to the negotiations.
In the nineteenth century, imperial powers such as France wanted to increase the number of colonies they controlled. They wanted to gain better and cheaper access to natural tesources as well as labor.
